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<br /> ° � JAN6IARY , 19 9gs�� 4, 4 fa��t'�'
<br /> ' ` �, .. T�iLS IlD1tJSTABd�.ItATB RIt3ER is�ada this �9TH �Y� ''�'� 1"` °.�
<br /> ` '� �•:` • � inoo=porattd iata aud shag be damed w amend an� supplement ths Mortgage, �eed of TmsC or Securlry Deed (t�e '_;�ti��-er�
<br /> sh �••Bozroa�r")to secare Bortower'd A41�us9able
<br /> ` • �ty Inst�umcm,•)of t�s ams date ven�y ths andem3g�� ( � ,�`.. �
<br /> - ' aa � � . . � �.�7•��'..:. �
<br /> �. • NORWES�i�f�RYGAOE, �N ° Y�:� �.
<br /> � � - ' Rau Idote(tha Note 7 tu f , � descrlb�ia �;a��.•�`__
<br /> ' (the `Y.ender'�of the same date aad cavering the pmperq+ �'-:
<br /> , . " the 5e�ity ir�tt�t�t ead Ias�fed ai: . :�-6,.,��• �
<br /> � �, ,_ _
<br /> . '. . ' ' '` rv i
<br /> � 1922 STAGECOACH RDAD 'GRA�tD ISLAND� I�tE 68801 ��:��
<br /> ' ' [��5►A�dress] ... . �`' -
<br /> . . �'�..�': '- - • _..���.
<br /> TFIE NOTE t'ANTA(NS PA0111�tONS ALI.OWiHG FORf•HA�ICaES IN TI'lE ZNT�T RA'�E --
<br /> � � . . AND THE 1lOQiT�1LY PAYi1Ed�1T.THE NOTE LII�!lITS 4i1E A1L01DI�T THE B6AROWER'S -- — —
<br /> 1
<br /> '. � < � INTEREST RA�E CAN Cl�ANGE AT ANY ONE'�IMEAND THE 1W0111111 RATE 7'HE 801� . _ _
<br /> ' � � � ROWER MU5 P�AY. , <�
<br /> . , � `' . - ADnYr[aNtAL CovFNAxis.Ia ad�tion Lo the oovenants and a�made m the Sec�Ity Inst�mmeat+Bor�awer m- —
<br />� . � and Lc�des fuather ooveaant and agree as follows: �
<br /> . .�� ` ;. ' � A. Il�lTERESf RATE AND MUNTBLY PAYI4�NT CHANGES
<br /> - . ..�: �1�Pio�p:avides for aa initial interest rai�of 7.625 5"0. 13ie Note proVides for cbanges ia the i�erest rar��d
<br /> �. .. .�- the ma�htY PaYments+as foIIows: - ' . , ,.
<br />� .I'��...,__".':"__.�L __._...... ...._......_.._'"'.. . _... . _... _"" _"' ' "_'.. ._ .. ._ . . ...._ .._. .. ""__" "' �_._ ...
<br /> ..
<br /> ` . .. ._._.. . .. _._..."'. "
<br /> . . • � q. �TERFST�ATE AIVD MONTHLY PA
<br /> . � � � •�: . (A)C�nSe�tes FEI3RUARY , 1996 ,and oa that day
<br /> ,. . • ' Tha in�zatc I will pay may change o�the 5sst day of e is c�lled a"�Se Date." .
<br />_ . .. - - - �- �rery 12 MONTHS ��eafter.Each date on wtucd�my inteirst tate cwld chaag - . _
<br /> ' � ' � � (��ite Iadez �
<br /> . '. _ g�na�g with the S�st C6anSe Date, m3+ interest rate wiU be based an an Inde�c. Tlte "Index,• is the weeldY �j�-=u --_
<br /> ' . . ave�age Yi�ld oa United States Tzeasury secmlties adjast�d to a oons�ac maturiry of i Yeaz(s). as ma�e avaifab2e �;0:,�
<br /> , �- - - by the Fed�al Reseave Board.11ie s�st reoeatladcnc figar+e ava�leas of the date 45 days before each CLangeDate is ca]Ied _ �_
<br /> .',' `•- the"Car�t ILdCx... .,r`.::
<br /> ._•,,': '`.:'r�;
<br /> ':�: If t9ie Index is �t�nger ava�lable, the Note Holder cvID choose a new iadex whicti is based upon wmpatabIs ..
<br /> ve me natice of this choice. ';�
<br /> . infoimation.'!be Note Holder w�l gi . .,—
<br /> .. " : �.. . . ���o�attan oi Chpages TWO A►v''D . :'•-�.�-
<br /> p= ��
<br /> � . _ .',�-- Be€c�eacb C6�wge� Daee,the Note Ho2der will calailate my near interest rare hy adding --_—
<br /> � , THREE—�UflRTERS p�ge poims( 2•750 q,��y��trent Index.The Note HoIder a�71 then mim�D the •--
<br /> ' � � . ' resnit of this additioa w the uearest ono-eighth of one percentage point(0.125°!0).Stibject to the limits stated in Seaion 4N) _-
<br /> beIow.ttus rounded amount will be my new iaterest rate until the aExt Change Date. :_---
<br /> ' � • � 't�Note Holder w�l then deteimine the amaunt of the mondily payment tbat wuuld be suf�ciea�t ta regay the '',,•�.;
<br /> "+i`•.
<br /> ' � • �P��i�that I am expecr�b owe ai the Change B�m full an the maturity daie at my new inteiest rau in _.. .��:�,.�
<br /> , � . � snbs�nttallY equal PaYmenrs.The res.�t of t6is calcutadon��L E�the new amouat of�y cwnth1Y PaY��- ���
<br /> � . . � . W)ldmits oa E�s�Hate Chs�ges � 9.625 .�a = =
<br /> ' �°�� i � to at ths 6�st C�ge Date will acst ise greater tLan � az Iess thaa rF=
<br /> :� ,;°.,.. � .. .. The intemst rate 1 am requir�d FaY Date iry more ��
<br /> . � 5.b25 5b.�ereafter,my interest:ate�?3 asver be increased or de�eceased on say siagle Cha�: — �r�
<br /> : .. � TWO Perce�e Poims (2.00�� from my iaitial uotc a�ate of interest I • ;'`,•�;�—
<br /> .. � � have i�een paying far the preceding tweive moatLs. My interest rate wiil never be greater than 13.625 0�,. "'�
<br /> - '� � � � (�EQbs�ve Date ot Cl�anges ���',
<br /> . s ' � � , �. My nEa►laterrst rate wiU beoome effective on easb C'hanSe Date.I an71 pay the amount of my ne�monEhly paymeni ,
<br /> - : ' .. � begin�i�,g an the first monthly PaYmeat date after the G�aa�e Date until We amo�t of my momh;y payment chaages •:. �;�� _
<br /> _�.�:. * `
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<br />. �. ... � .� (i�Nat�oe oi Chmges' • .� � �-- �
<br /> ` : .. - ' 'lLe Note Ho2d+er will deliver or mail to me a notice of aay chaages in my iatesest rate aad the amount of my monthly . E'Yw;
<br /> � payment befoie the effectiee dau of any cban8e.The no�ce a+iYl lnslude information required hy law w be given me and
<br /> n I 4ave re the natice. �' .
<br /> - �.. :... . aLso the dt2e and te2ephone number of a person aho w,�l ansaver any questio �N S�8
<br /> ' B. TAANSFER�F THE FROPERTY 08 A BIIVLFIClAL II�RFS'I'1N BORROV{1ER � __ ��
<br /> -" i � , . Uniform Covenant 17 of the Security Insm�ment�s amended to read.as follows:' -+�
<br /> ' � �a g�1at�r�ia Bon+o�ver.If all or part oF the Property or aay interest in it is ,yT�
<br /> . ' Trmsfu of tDe Fe+o�tet9 . •
<br /> � ..�` � � ot if a be�fscial iaterest in Boirower is sold o:transferrod aad Borrower is not a aatural peison) ;..�g��`� -"
<br /> ,� � . so2d m uansferte4 ( ��• �;t,�,�,�
<br /> • � , without l�ender's prlor wtiuen oonsent.tender may,at its option.m q u i r e� m f u ll o f a U s u a�s s�u r� .
<br /> 1 .. ' (ry this SecurIty Insttum,ea�Hawever.thLs option shall uot be exercise+f 6y Lender if eaercise is prolu'bited by federal taw . ';�`. `;
<br />-- � �. .. as of tde date of dua SecuritY ia �ment. Lender siso s6all not exetc i se t h i s oytiaa i f'(a) B orrow e r c�ss s e s t o be � • � ��
<br />— . ' submitte�to l�ender i n fo�m a d o��bY�m�'��'°�����i f u n e w l o a a M e r e 6 e i n g made _� ;�
<br /> e�der � ,
<br /> " ta th� nansferte; anrl N) Lender resonabIy deteimines that l.ender's security wili not be impait�d by the loan ,. i f
<br /> ' . . ' assump�on a r d t h a��*�o Y a b r e�o f a n y c o v e n a n t o r a�e�ent in this Securi ty Insaument is eccepmble co �.
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